Gross mortgage lending up 15% last month

Published on

Gross mortgage lending in June was an estimated £13.1 billion, a 15% rise from £11.4 billion in May and a 7% increase from £12.2 billion in June last year, according to the Council of Mortgage Lenders (CML).

Gross lending in the second quarter of 2010 was an estimated £35 billion, up 17% from the first quarter of this year (£30 billion) and up 7% from the second quarter of 2009 (£32.7 billion). Lending in the first half of 2010 remained unchanged from the first half of 2009 (£65 billion).

CML economist Paul Samter said: “Our gross lending estimate of £13.1 billion in June represents a seasonal pick-up and is higher than June last year

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Air and Mortgage Brain link sourcing platforms to widen later life lending options

Air and Mortgage Brain have agreed a collaboration designed to help mortgage advisers assess...

Mortgage network growth diverges as acquisition activity reshapes sector

Stonebridge Mortgage Solutions and HL Partnership have recorded some of the largest increases in...

LMS appoints Ian Robinson as permanent chief executive

LMS has appointed Ian Robinson as its permanent chief executive, four months after he...

Mortgage lending availability falls as banks anticipate recovery in demand

Mortgage credit availability and demand for house purchase and remortgaging all declined during the...

L&G broadens adviser training to cover retirement and estate planning

L&G has extended its Adviser Academy webinar programme to help financial advisers address a...

Latest publication

Other news

Air and Mortgage Brain link sourcing platforms to widen later life lending options

Air and Mortgage Brain have agreed a collaboration designed to help mortgage advisers assess...

Mortgage network growth diverges as acquisition activity reshapes sector

Stonebridge Mortgage Solutions and HL Partnership have recorded some of the largest increases in...

LMS appoints Ian Robinson as permanent chief executive

LMS has appointed Ian Robinson as its permanent chief executive, four months after he...